Citibank Champions Energy Efficiency with £5.2m Project

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KONsys has registered a rapidly growing demand for AVReporter Energy Management Software from banks and data centers. Amongst the main reasons the followings can be found:

  • ensure the continuous and secure operations
  • lower operational costs
  • achieve optimum Power Usage Effectiveness (PUE)
  • manage access control
  • leverage split HVAC systems to provide heating and cooling
  • support varied hours of operation

Many banks are applying centralised energy management systems now or searching for the right solution. Global bank Citi is also ready to invest £5.2 million in energy efficiency measures, as it seeks to cut energy costs and reduce greenhouse gas emissions.

Citibank aims to cut the power consumption of its London data centre by 10% in a first-of-its-kind project backed by the UK Green Investment Bank (GIB).

GIB, which was set up by the UK government and uses public funds to finance green projects and meet the UK's green economy objectives, says the project will not only make environmental sense, but bring with it financial rewards.

Shaun Kingsbury, chief executive of GIB, added that the venture will not involve Citi having to use up any capital, as the cost of the project will be paid for by the power savings achieved.

Citi's UK datacentre will undergo something of a transformation, with the installation of a combined cooling and power system together with energy-efficient cooling units, generating 71% of the hub's power needs.

Business minister Matthew Hancock welcomed the investment and suggested that more companies should be made aware of the financial benefits of implementing energy efficiency systems.

"Reducing energy costs makes sound business sense and shows that businesses across the UK can benefit from making the most of green technology," he said.

For a facility such as a datacentre, energy can represent up to 80% of running costs, which makes incorporating energy efficiency measures particularly important.

John Killey, head of global building operations group Citi Realty Services, suggests the decision to shift away from mains electricity was something of a no-brainer.

"It provides us with sustainable on-site cooling and power that requires no upfront capital expenditure and that creates enduring savings in our annual operation costs and supports us in reducing our greenhouse gas emissions," he explained.

To read a completed case study and find more technical and functional details on energy management system solutions for banks and data centers, click here

Citibank energy efficiency



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